📊 Script: MAHLOG
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart.
📈 It is trading at upper band of BB and giving breakout of it.
📈 Already Crossover into MACD.
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
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Hello guys I hope you guys are doing great.
I am back again with a short analysis of share India securities LTD.
Chart is self explanatory so, we will keep it to the point. As we can see in weekly timeframe Share India has been consolidating for the past 18 months. Initially, it formed a descending triangle pattern and gave a breakout. Subsequently, it started...
Key highlights: 💡⚡
📈 On a daily timeframe Bitcoin is trading at its support level which is around 18,942 level.
📈 since last few months script was in consolidation zone as highlighted in chart.
📈 script may give breakout of descending triangle in next few trading sessions.
📈 into that first target or we can say resistance can be around 25375 level and second...
Nifty is forming descending triangle pattern, so we will wait till nifty gives breakout from this pattern for going long
and will wait for breakdown below 16850 to go short as there is four bottoms .More probability is of breakout.
Nifty is coiling with volatility due to geo political risk, I either sit out or Buy dip and sell rip with tight stops
Retail traders will be the last one to get the news so got to trade selectively.
Nifty Making Descending Triangle Pattern
WHAT IS A DESCENDING TRIANGLE?
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support. This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself...
DATE: 17/06/2021.
MY FAVOURITE BHARTI AIRTEL IS FORMING A TRIANGULAR PATTERN ,FOCUS ON THIS STOCK AND ADD THIS TO YOUR WATCH LIST.
IF ONCE BREAKS I'LL UPDATE YOU,SO FOLLOW ME
